At a time when climate concerns are at an all-time high in the province, a list of Canada’s most investable cleantech companies reveals that almost one-half of them are based in British Columbia.
Vancouver is becoming recognized as a cleantech cluster. It was recently recognized as a top 10 cluster worldwide. Several B.C.-based cleantech ventures have announced successful raises recently. The Foresight 50 shines a light on made-in-Canada solutions that could have global impact.
The Foresight 50 recognizes ventures from across Canada and a variety of sectors including watertech, carbon solutions, hydrogen, and renewable energy.
They were selected by an independent panel of judges selected the 50 companies based on criteria including investability, potential environmental and employment impact, and probability of success.
“By fostering relationships with investors and key stakeholders, the Foresight 50 can gain the traction they need to impact the green transition on a global scale,” says Jeanette Jackson, CEO of Foresight Canada.
“Last year’s Foresight 50 companies went on to collectively raise $593 million to amplify their cleantech solutions. We can’t wait to see what’s possible for this year’s companies as they lead Canada — and the world — in the transition to net zero.”
Last year on the inaugural Foresight 50 B.C. had 17 companies representing. This year 21 B.C.-based companies made the cut:
- Agora Energy Technologies is repurposing CO2 as a raw material for supplying sustainable and abundant clean electricity.
- Axine Water Technologies treats the toughest organic pollutants in industrial wastewater to eliminate hazardous contaminants in the worldʼs water ecosystem.
- Carbin Minerals accelerates the natural process of atmospheric carbon mineralization, removing carbon dioxide from the air and storing it permanently as rock.
- Carbonet Nanotech is accelerating the world’s transition to recycled water with a new class of chemistry.
- Ekona Power is unlocking the power of clean hydrogen.
- Farment is providing fermentation solutions for bio regenerative performance.
- GRT is rethinking waste, specifically waste soil, to bring sustainable, valuable materials to market that meet the critical, growing need for circularity within built environments.
- HTEC provides end-to-end solutions across the clean hydrogen value chain to advance the widespread deployment of hydrogen electric vehicles.
- Hydra Energy allows existing diesel heavy-duty trucks to run on hydrogen-diesel co-combustion, displacing their emissions up to 40%.
- Intelligent City is an urban housing technology company that simultaneously addresses three urgent problems: housing affordability, urban livability and the need for life cycle carbon neutral buildings.
- Klean Industries is an international company focused on applying best-of-class technologies that provide industrial symbiosis between energy, waste and resources in a commercially viable and environmentally responsible manner.
- LlamaZOO facilitates the creation of highly accurate and data rich digital twins of various scales and types, for different industries including Natural Resources, Manufacturing, Indigenous Lands Management, and ESG.
- Lucent BioSciences delivers crop nutrition that improves yield and soil health while sequestering carbon.
- MarineLabs is a coastal intelligence company and real- time data provider, transforming marine safety and building climate-resilient coastlines.
- Nyoka engineers proteins that create safe, sustainable and efficient light.
- Open Ocean Robotics is at the leading edge of robotics as a service for all meaningful markets in the blue economy.
- Takachar turns trash (crop and forest residues) into cash (higher-value chemicals, biofuels and fertilizer base) in remote communities.
- TechBrew Robotics has developed patent-pending, vision-guided robotic automation that accelerates conventional manufacturing processes.
- Terramera fuses complex science, mobile applications and automation to transform how food is grown and the economics of agriculture.
- Verdi is building the platform to help the global agriculture industry to adapt to climate change.
- Viridis Research is removing microplastics from water while helping washing machine manufacturers meet environmental requirements with their cartridge-free microfiber filtration system.
Check out the complete inaugural Foresight 50 list here.